Bwin.party, Bet365, Betclic Everest subsidiary bet-at-home and Malta-licensed operator Tipico have become the latest companies to receive a Schleswig-Holstein licence, allowing them to offer sports betting in the jurisdiction with immediate effect, with licences for poker and casino expected to be awarded “in due course.”

Less than a week before the CDU’s election failure, Betfair, mybet and Die NordwestLotto were announced as the first three operators to be granted a license in Schleswig-Holstein, and following today’s news another 24 operators are still awaiting news on their own sportsbook appilcations, with a further 17 having applied solely for poker and casino approval.

In 2011, the bwin.party Group generated total pro forma gross sports betting revenue of approximately €96.1m from Germany. Revenues generated under the licence will be taxed at the rate of 20% of gross gaming revenue.

BetClic Everest Group subsidiary bet-at-home.com has reported a 16 per cent increase in net gaming revenues to €18.9m for the first quarter of 2012, with further investment in advertising continuing to impact the company’s bottom line.

GigaMedia attributed the omission to the failure on the part of Betclic Everest to provide it with financial results for the first quarter of 2012, but GigaMedia CEO John Stringer offered little hope for optimism when questioned about the subject.

It has suffered hugely from the impact of two irresistible forces - French re-regulation and the decline of online poker.

Betclic Everest Group is a private company, comprising Betclic, bet-at-home, Expekt and Everest. But while it remains private, its 50 per cent shareholder Société des Bains de Mer (SBM) and Everest part-owner GigaMedia are public companies (as is bet-at-home) and hence, declare the figures for certain parts of the Betclic Everest group.

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